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Rostov restaurant chain "Eat and drink" no longer exists

A popular catering chain in Rostov-on-Don was liquidated by the decision of its owner. Business founder Vadim Kalinich announced the loss of prospects for developing the restaurant format. He believes that such a model of entrepreneurial activity, including the creation and sale of products, is archaic in the current conditions. The restaurant chain he created a decade and a half ago has stopped working since January 2022. The firm operated the “Antorekot” and “Apron” restaurants and others, many...

YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

... financial management. The reason is the fact that VTB Bank, a former partner in dealing with securities, fell under strict foreign sanctions. The inability to trade assets of foreign companies led to an inevitable outcome. According to Interfax, platform ... .... It is emphasized that "Yandex" guarantee not only the phased elimination of the project. Even after its complete closure, users will still be able to access their funds through the company's website or through the bank's application. Users ...

Do Poland and the Baltic States threaten Kaliningrad region with a blockade?

... time, the region, which is geographically isolated from the rest of the Russian Federation, is going through hard times due to sanctions. Problems with operating Russian transport on the border with Lithuania have been periodically arising for more than ... ... country related to transit to the Kaliningrad region. At the same time, the Baltic countries and Poland continue to discuss the closure of not only land borders with Russia and Belarus, but also the closure of maritime traffic. According to experts, there ...

OBI chain has no plans to resume work in Russia in the nearest future

The leadership of a German company that manages a chain of stores for construction in Russia had to refute the statement of one of the top managers. On March 29, 2022, speaking at the Moscow DIY forum, the head of the purchasing department Maxim Suravegin said that the network would resume work in the Russian Federation immediately after the elimination of the technical failure. In particular, he talked about retail outlets in the Russian capitals (Moscow and St. Petersburg), which will take several...

Victoria's Secret and Discovery: foreign companies leaving Russian market

Foreign companies continue to leave the Russian market. The territory of the country, which is conducting a military special operation in a neighboring state, is being rapidly left by the well-known brands, many of which came here back in Soviet times. How the authorities will solve the issue of employment of those Russians for whom the suspension of the work of company or its withdrawal from the market has become a loss of a job is still unknown. More than 250 well-known companies have already...

Over 100 global brands leave Russian market

The special operation launched by Russia in Ukraine has led to a mass exodus of foreign companies from the country. The sanctions imposed by the United States, the European Union and other countries against individuals and organizations contributed to the suspension of activities in various sectors of the national economy: retail, manufacturing, banking. Representatives ...

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